Cabral Gold (CVE:CBR) Stock Price Up 9.4% - Here's What Happened

Key Points

• Stock jumped 9.4% to C$1.05 on Tuesday (from C$0.96) with about 284,500 shares traded, roughly 22% below its average daily volume.
• The company has a market cap of C$286.0M, a negative PE (-20.6) and a high beta (3.38), while its 50-day (C$0.84) and 200-day (C$0.67) moving averages point to recent upward momentum.
• Cabral Gold is a Vancouver-based mineral exploration firm focused on Brazilian gold assets, holding a 100% interest in the Cuiú Cuiú gold project in Pará state.

Cabral Gold Inc. (CVE:CBR - )'s stock price was up 9.4% on Tuesday . The company traded as high as C$1.05 and last traded at C$1.05. Approximately 284,500 shares changed hands during trading, a decline of 22% from the average daily volume of 363,739 shares. The stock had previously closed at C$0.96.

Cabral Gold Stock Up 7.3%

The firm has a market cap of C$286.02 million, a PE ratio of -20.60 and a beta of 3.38. The company has a quick ratio of 0.36, a current ratio of 4.82 and a debt-to-equity ratio of 0.18. The business has a 50-day moving average price of C$0.84 and a two-hundred day moving average price of C$0.67.

Cabral Gold Company Profile

Cabral Gold Inc operates as a mineral exploration and development company with primary focus on gold properties in Brazil. Its flagship holds 100% interests in the Cuiú Cuiú gold project located in the state of Para in northern Brazil. Cabral Gold Inc was formerly known as San Angelo Oil Limited. The company is based in Vancouver, Canada.

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